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Penetrating or Expanding Global Markets Via Mtgs
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Business of Meetings: Penetrating or Expanding Global Markets through
Meetings
August 221:30 - 2:45pm
Content Leaders:Ajay Bhojwani, Director – MCI Middle
EastPeter Turner, Sr Advisor – Global Dev
Strategy
Connecting Great Ideas and Great People
www.asaecenter.org
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www.asaecenter.orgwww.asaecenter.org
Agenda Business Trends – What you need to know Role of Meetings in Global Strategy Challenges of International Meetings Penetrating & Sustaining Market Presence Mature Market (Europe)
EULAR Emerging Market (Middle East)
CTBUH Table Discussion – What are your challenges? Final Thoughts
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Business Trends - Business Trends - What you need to knowWhat you need to know
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www.asaecenter.org
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Growth in Science & Innovation Centers
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To Commercial Products
$3000
$500
$30/mo @ .02/min
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Is this Happening to You? A growing presence of non-US
Member and customer product consumption
Attendance at US meetings
Author contributions Greater reliance on
international members and customers for revenue growth
Greater demands you be more “present and engaged” in their region
Effects of globalization on industry and/or profession you represent
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Global Growth Trends 24/7 Global Project Management –
interoperable standards & practices
Outsourcing spreads to white collar
Asian skill “gaps” in knowledge application
Customer service is global Massive fluctuation in youth and
aged groups - new consumer habits, learning modes, and labor supply
Workforce mobility & diversity – global expat integration
Emerging market’s growing middle class demand for goods and services
Knowledge becoming more diffuse As standards of living rise demand
for "non formal" education grows
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Emerging Markets Driving Growth
Home to 21,500 multinational firms
62 emerging market firms
are on the Financial Times 500 list
(increase of 47 in just 2 years)
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Companies Need Training
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Opportunities for US Medical Societies
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Training Supply Strength
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Meetings Role Meetings Role in Global Strategyin Global Strategy
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Why Meetings for Global Strategy ?
Market research
Easy outreach to international members
Additional regional penetration
Stronger international partnerships
A phased approach to international strategy
Attracting larger audiences to annual meetings
and conventions
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Where the effort returned results
0
5
10
15
20
25
Events
Sales Promotion
Direc t Marketing
Traditional AdvertisingPublic Relations
Web/Internet Marketing
Sponsorship
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Common Challenges for Common Challenges for International MeetingsInternational Meetings
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Survey - Barriers to Intl Growth Lack of experience and knowledge of region Local business licensing and operation Weak volunteer leadership support Getting government endorsements and
promotion support Better local marketing and business development Local community receptivity to US-based
associations Rising inflation of costs to do business
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Penetrating & Sustaining Penetrating & Sustaining Market PresenceMarket Presence
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Keys to Success Defining Market Potential
Market strengths, barriers, opportunities Industry & professional audience Multiplier & partners
Strategic Intent Purpose, goals, KPI’s Local / Regional organising committee and involvement
Business Model – Revenue Endorsements Sponsorships Exhibitions/Advertising Registration fees
Business Model – Expense WOFE business license & local bank account Strong financial controls Risk mitigation – currency, VAT/GST reclamation, venue contract
negotiation Local service support - MARCOM, sponsorship and partnership
development, sales, event mgmt, housing, registration, logistics Local people and practices to address culture
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WEF Arab World Competitiveness 2007 Report
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Keys to Success Define Local Relevance
Local audience needs, expectations and desired outcomes Event design, delivery & MARCOM considers cultural differences Promotion campaigns, tied to tangible product experiences
Develop Partnerships Government, corporations, universities, national societies, chapters Cost sharing, financial, audience access, content
Marketing Campaign Pricing strategy List development (multipliers and rentals) Direct sales (telemarketing), direct mail, advertising Local website with registration options Indirect marketing - regional/national organizations, PR and media
partnerships, reciprocal agreements Locally relevant and easy to understand communication tools
Sponsor Campaign Define sponsorship value proposition and USPs Sponsorship offer package – financial, media, etc Collateral development, sales, advertising, social media Sponsor agreement with deliverables and expectations Onsite management, follow up and evaluations
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It’s All About What’s Locally Relevant
Delegates don’t want another meeting….they buy an “experience”
to help them find a “solution” to their problem
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Mature Market - EuropeMature Market - Europe
8200
9200
10200
11200
12200
13200
14200
15200
2001 2002 2003 2004 2005 2006 2007 2008
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www.asaecenter.orgwww.asaecenter.org 4
Representing patients, health professionals and scientific societies of rheumatology in EU
EULAR represents: 44 National Scientific
Societies 30 National Social
Leagues 4 National Allied Health
Professionals Societies 32 corporate members +1M patients
Facilitate interactions between patients, medical doctors, scientists, health
professionals and the pharmaceutical industry within Europe and round the
world
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Partnership Model
Hosting society – rotational Seats on the Executive & Scientific Committees Local host management 15% of the congress final profit
Strong promotional support by all societies Non-competitive, “in common to the
whole” with national orgs Focus on science, practice outside of local
national regulations and language
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Attendance Segmentation Strategy
Loyalty to Partners & Allied Profs Unique and discounted
packages Young professionals
Lower fees, cheaper hotels KOL speakers “influencers” Education over science Job networking Travel grants, prizes
Established professionals Higher fees, range of hotels Peer-reviewed science CME credit Issues networking Membership participation Travel grants
12–month free subscription to the EULAR Journal” with the opportunity of
renewing the subscription at reduced rate by attending the 2011 Congress
Offer not available to Non-Host Society and Patient Delegates
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Segmented Promotion Plan (ie sales by KOL) Direct marketing
Bulk mail iTunes E-blasts Social media Print and e-newsletters
Indirect marketing Website Search engines ads Partner Channels Advertising
Direct selling
Marketing & Sales
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Sponsorship & Exhibit Offers High impact, originality (e.g. iPhone ap) Freshness of opportunities (e.g. annually) Vendors want brand ID to content & willing to pay
significant premium for such opportunities Satellite Symposia, PDA abstracts, attendee database
Support top young talent and scientists Awards & Travel Grants - “EULAR-Abbott Basic Science Award,”
“Best in Category” Abstracts Loyalty Program Point system
Longer you exhibit or sponsor, more points accumulate Points give first choice to premium sponsorships, exhibit hall
placement, and hotel selections Historically increased total sponsorships and revenue per
sponsor
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Sponsorship Testing of Level Criteria & Value Weighting
Physically present on each participant
Directly impact/touch participants
Perceived participant value (tested)
Multiple touch points Size, distance factor &
importance
Location of sponsorship support
Quality of sponsorship support displayed
Sustainability – life after meeting
Exclusivity Trendy & Innovative Unique offering vs
other industry events
Premium Price Points Sponsors Are Willing to Pay
Premium Price Points Sponsors Are Willing to Pay
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Emerging Market – Emerging Market – Middle EastMiddle East
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CTBUH
Association dedicated to sharing multi-disciplinary information on tall buildings and sustainable urban environments and certifying the world’s tallest building
Membership comprises of organisation membership, individual membership and affiliated organisation membership (supporting CTBUH’s initiatives)
Key activities include World Congress, conferences, awards and several other events
Have witnessed the tallest building graphs move from west to the east and the gap widening for the same
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www.asaecenter.orgwww.asaecenter.org
Local Partnerships / Endorsements
Strong committee comprising of their strategic members in region, government representatives and media personnel
Government endorsement and support
Local stakeholders and opinion leaders involvement in programme development
Regional sponsors and speakers
Regional organisational partnerships for wider outreach
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Attendance Strategy Local committee was strongly involved in driving
local registrations from their organisations as well as key competitors
Strategic Partners / sponsors were also asked to drive sponsorship through certain marketing efforts
International members were targeted through web marketing and direct marketing
A regional sales campaign was run to call key potential organisations to drive in delegate sales
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Sponsorship Strategy
Focused only on market leaders
Ensured government support and endorsements
Had a local strategy VS international strategy
Ensured sound participation of local organising committee and their extended reach
Packages focused on driving in delegates in addition to standard benefits
Defined numbers for each package and exclusivity
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www.asaecenter.orgwww.asaecenter.org
Regional Marketing Strategy Region focused direct marketing Strong regional media partnerships and barters Channel marketing through regional stakeholders
and sponsors Dedicated PR strategy
Regional stories being addressed Highlighted the booming local and regional economy Inclusion of local partners / sponsors / government Brought together 51 journalists at the opening ceremony
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Results from Congress One of the highest attended meeting
Excellent government involvement and partnership
Great regional penetration leading to increase in membership
Building the CTBUH brand in one of the fastest growing economies in the world More than satisfying press coverage
Certifying the world’s tallest tower
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Snapshots of CTBUH
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Table Discussion – Table Discussion – What are your hurdles ??What are your hurdles ??
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Table Discussion
Share your biggest challenge for growing
international meetings: for example:
Attendance growth?
Raising sponsorship revenue?
Using meetings to grow product or
membership sales?
Pick one, brainstorm solutions, Report out
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xx
Xxxxxxxxxxx
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For More Information & Case Studies
www.growglobally.orghttp://www.asaeannualmeeting.org/http://www.asaeannualmeeting.org/
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Contact information
Peter TurnerDirector – Senior Advisor, Global Development StrategyPhone: +1 571 275 1516E-mail: [email protected]
Ajay BhojwaniDirector – Association Management, Consulting & CongressesPhone: +971 50 150 5235E-mail: [email protected]